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November 17, 2011
 
China Rapeseed Meal Weekly: Price decline eases (week ended Nov 17, 2011)
 
An eFeedLink Exclusive

                            
Price summary

Prices were mostly stable.
 

Weekly transacted prices of rapeseed meal in China

Region

Price type

Protein content
(%)

Price as of Nov 10
(RMB/tonne)

Price as of Nov 17
(RMB/tonne)

Price change

(RMB/tonne)

Percentage

Jiangsu

Nantong

Ex-warehouse

36

2,100

2,100

0

0

Wuxi

Ex-warehouse

36

2,200

2,150

-50

-2.27

Anhui

Chaohu

Ex-warehouse

36

2,150

2,150

0

0

Hefei

Ex-warehouse

36

2,100

2,100

0

0

Anqing

Ex-warehouse

36

2,150

2,100

-50

-2.33

Hubei

Wuhan

Port

36

2,100

2,080

-20

-0.95

Jingmen

Ex-warehouse

36

2,050

2,050

0

0

Xiangyang

Ex-warehouse

36

2,000

2,000

0

0

Hunan

Yueyang

Ex-warehouse

36

2,050

2,050

0

0

Changde

Ex-warehouse

36

2,100

2,100

0

0

Changsha

Rail Station

36

2,100

2,100

0

0

Sichuan

Chengdu

Rail Station

36

2,150

2,150

0

0

Ziyang

Ex-warehouse

36

1,520

1,520

0

0

Qinglongchang

Ex-warehouse

36

1,550

1,550

0

0

Guangdong

Guangzhou

Rail Station

36

2,050

2,000

-50

-2.44

Average

 

-

-

2,025

2,013

-11

-0.56

Prices are representative and for reference only.
RMB1= US$0.1575 (Nov 17)

 
 
Market Analysis
 
Prolonged slump in cottonseed meal market amid seasonal harvest pressure continued to drag rapeseed meal prices down. However, a recent brief rebound in CBOT soy futures, buoyed by short-covering and rumour of China's imports, lent some support to soymeal and rapeseed meal prices.
 
 
Market Forecast
 
Bearish fundamentals will hold rapeseed meal market weak in the short term. 

 

 

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